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amal works part-time earning $8,000 per year. He reduces his work hours by half so that he can go to school. Jamal completes his degree after 3 semesters (1.5 years) at a cost of $1,400 per semester in tuition and $500 per semester in books. What was Jamal's investment in getting his degree? a. $4,700 b. $5,700 c. $11,700 d. $17,700 Please select the best answer from the choices provided A B C D

Respuesta :

TomShelby

Answer:

d. $17,700

Explanation:

considering accounting cost:              

1,400 book per semester x 3 semester = 4,200

500 dollars of book x 3 semester          =  1,500

Total explcit cost:                                        5,700

implicit cost (lost wages)

8,000 less 50% cost reduction =     4,000

then 4,000 per semester =             12,000

Total opportunity cost:                            12,000

Total cost for the product                        17,700

nsw2003

Answer:

Answer is C. $11,700

Explanation:

I took the test and this is one I got wrong. it is C

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